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Friday, May 10, 5:47 PM After-hours top gainers, as of 5:30 p.m.: ENDP +3.6%. NVAX +2.8%. GRFS +2.7%. REE +2.6%. IMRS +2.4%.
AftTer-hours top losers: ET -4.0%. APTS -3.7%. SYNC -3.6%. SSRI -2.7%. VG -2.5%. Comment! [On the Move]
Friday, May 10, 2:43 PM Perpetually range-bound ExactTarget (ET -7.8%) falls hard after providing mixed guidance with its Q1 beat. The online marketing software firm (to a large extent e-mail-focused) expects Q2 revenue of $91M-$92M and EPS of -$0.10 to -$0.12 vs. a consensus of $91.9M and -$0.08. 2013 guidance is for revenue of $376M-$379M and EPS of -$0.29 to -$0.31 vs. a consensus of $374.4M and -$0.30. Spending remains aggressive: sales/marketing spend +52% Y/Y in Q1 (above rev. growth of 39%) and 43% of revenue. On the earnings call, CEO Scott Dorsey stated headcount rose by 108 Q/Q to 1,781, and is expected to keep rising by ~100/quarter going forward. Comment! [Tech, On the Move, Earnings]
Thursday, May 9, 4:17 PM ExactTarget (ET): Q1 EPS of -$0.08 beats by $0.01. Revenue of $89.4M (+40% Y/Y) beats by $1.42M. Shares +2% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Thursday, May 9, 12:10 AM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
Wednesday, May 8, 5:35 PM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
Monday, May 6, 5:36 PM Marketo (MKTO) sets a price range of $11-$13 for its 6.06M-share IPO. That gives the cloud marketing automation software firm, which many still think will eventually get bought out, a valuation range of $393M-$464M. Marketo posted Q1 revenue of $19.7M (+61% Y/Y), and a net loss of $9.5M; its deferred revenue balance stood at $24.5M. Meanwhile, rival Responsys (MKTG) is up 5.9% AH after beating Q1 estimates and guiding for Q2 revenue of $45.5M-$46.5M and EPS of $0.02 (consensus is at $46.1M and $0.03. Marketo also competes with ExactTarget (ET) and Oracle-acquired Eloqua. (S-1) (2012 results) Comment! [Tech, Earnings, On the Move]
Tuesday, April 2, 6:17 PM It's a busy day for tech IPO filings. Cloud marketing automation/analytics software vendor Marketo has joined the fray, filing to raise $75M under the symbol MKTO. Marketo, which many have viewed as a possible Salesforce acquisition target, posted 2012 revenue of $58.4M (+80% Y/Y), and a net loss of $34.4M. Deferred revenue stood at $20.6M at year's end. Marketo competes with Oracle-acquired Eloqua, as well as e-mail marketing firms ExactTarget (ET) and Responsys (MKTG). (S-1) Comment! [Tech, On the Move]
Friday, March 1, 1:00 PM Surging deferred revenue and healthy free cash flow (over 2x earnings) help Salesforce (CRM +7.8%) make new highs following its FQ4 report. Needham, lifting its PT to $200, is pleased 7 and 8-figure deals rose 50% Y/Y, albeit while admitting bookings growth (28%) benefited from forex and deal timing. On the earnings call, Marc Benioff promised more M&A - "We're going to buy small and big. We're going to be aggressive." - and boasted 3M+ apps have been developed on Heroku and Force.com. WDAY +2.2%. N +2%. MKTG +2.6%. ET +1.8%. ULTI +1.5%. Comment! [Tech, On the Move, Earnings]
Thursday, February 21, 6:08 PM ExactTarget (ET): Q4 EPS of -$0.10 beats by $0.08. Revenue of $84.2M (+42% Y/Y) beats by $5M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, January 9, 2:46 PM Cornerstone OnDemand (CSOD +2.9%) has rallied following positive comments from Pac Crest. The firm thinks the cloud HR software vendor will post a strong Q4, and is benefiting from industry consolidation (I, II) and its Recruiting Cloud product (launched in March). Shares jumped in November following Cornerstone's Q3 report. Pac Crest is also positive on ExactTarget (ET +2.2%) going into its Q4 report. 1 Comment [Tech, On the Move, Quick Ideas]
Thursday, December 20, 2012, 10:13 AM ExactTarget (ET +4.5%) is rallying on news of Oracle's (ORCL +0.3%) deal to acquire cloud marketing rival Eloqua (ELOQ +31.1%). Oracle's purchase comes a few months after it snapped up social media marketing plays Vitrue, Collective Intellect, and Involver. The purchase could allow Oracle to offer a more comprehensive marketing solution (for now, anyway) than Salesforce.com (CRM), which (relying on Buddy Media) recently launched its social media-focused Marketing Cloud suite. GigaOm notes Eloqua has 1,200 customers for Oracle to cross-sell to. Comment! [Tech, On the Move, M&A]
Monday, November 12, 2012, 1:12 PM ExactTarget (ET -11.4%) has fallen to new post-IPO lows today. Shares barely moved on Friday after the company delivered a Q3 beat, but it's worth noting online marketing software peers Responsys (MKTG -3%) and Constant Contact (CTCT +2.5%) were hammered (I, II) following their own Q3 reports, and that ExactTarget fell in sympathy each time. Comment! [Tech, On the Move]
Monday, November 12, 2012, 12:45 PM Midday top 10 gainers: TIE +42%. STV +32%. MYRX +18%. CPSS +17%. PZZI +15%. SRPT +13%. EVI +13%. JEF +12%. GILD +12%. CXS +12%. Midday top 10 Losers: CLVS -33%. GALE -33%. STSI -23%. RECV -17%. BZH -15%. ET -14%. XIDE -13%. NKTR -12%. MEET -12%. IDN -11%. Comment!
Thursday, November 8, 2012, 5:36 PM ExactTarget (ET): Q3 EPS of -$0.03 beats by $0.02. Revenue of $74.7M (+35.6% Y/Y) beats by $2.7M. Shares +9.5% AH. (PR) Comment! [Earnings, Tech, On the Move]
Tuesday, November 6, 2012, 11:39 AM Responsys (MKTG -30.4%) has plunged to new post-IPO lows following its Q3 report. The company's guidance for Q4 revenue of $42M-$43M and EPS of $0.05 (below a consensus of $45M and $0.07) is the main culprit. Fellow cloud marketing software firm ExactTarget (ET -5.9%) is lower in sympathy. (PR) Comment! [Tech, Earnings, On the Move]
Friday, October 26, 2012, 1:19 PM Constant Contact (CTCT -25.6%) is having an awful day after delivering its Q3 report, and is taking down online marketing software peers in the process. MKTG -3.2%. ELOQ -1.6%. ET -2.5%. BV -1.7%. While results weren't bad, Q4 guidance for revenue of $65.2M-$65.5M and EPS of $0.14-$0.16 fell short of a consensus of $67.5M and $0.18. During its earnings call, CTCT blamed a failure to convert trial users of its e-mail marketing software, and said it's making sales changes in response. 1 Comment [Tech, Earnings, On the Move]

ET ExactTarget, Inc.

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ExactTarget, Inc.